PIMCO hooks a big fish from its Southern California coastal neighbor Western Asset in a bid to build out its municipal-bond team.
Carrying costs are a powerful tool for finding municipal CEFs at a bargain.
These highly rated funds appear inexpensive based on historical valuation trends.
Two more funds get the Bronze.
As the Fed intends to keep interest rates low for the next few years, muni-CEF investors should maintain a close watch on their funds' call exposure.